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EXAMPLE 15
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Single
person taxed under Schedule D
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GROSS
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PRSI/Levy
Liability
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Tax
Liability
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Total
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Gain
as % of
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INCOME
|
Existing
|
Proposed
|
Existing
|
Proposed
|
Gain
|
Net
Income
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|
€
|
€
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€
|
€
|
€
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€
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%
|
|
12,000
|
360
|
360
|
880
|
880
|
0
|
0.0
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13,000
|
390
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390
|
1,080
|
1,080
|
0
|
0.0
|
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14,000
|
420
|
420
|
1,280
|
1,280
|
0
|
0.0
|
|
15,000
|
450
|
450
|
1,480
|
1,480
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0
|
0.0
|
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16,000
|
480
|
480
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1,680
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1,680
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0
|
0.0
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17,000
|
510
|
510
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1,880
|
1,880
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0
|
0.0
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18,000
|
540
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540
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2,080
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2,080
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0
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0.0
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19,000
|
950
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950
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2,280
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2,280
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0
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0.0
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20,000
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1,000
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1,000
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2,480
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2,480
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0
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0.0
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25,000
|
1,250
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1,250
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3,480
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3,480
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0
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0.0
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30,000
|
1,500
|
1,500
|
4,920
|
4,920
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0
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0.0
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35,000
|
1,750
|
1,750
|
7,020
|
7,020
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0
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0.0
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40,000
|
2,000
|
2,000
|
9,120
|
9,120
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0
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0.0
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45,000
|
2,250
|
2,250
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11,220
|
11,220
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0
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0.0
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50,000
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2,500
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2,500
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13,320
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13,320
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0
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0.0
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55,000
|
2,750
|
2,750
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15,420
|
15,420
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0
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0.0
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60,000
|
3,000
|
3,000
|
17,520
|
17,520
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0
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0.0
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70,000
|
3,500
|
3,500
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21,720
|
21,720
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0
|
0.0
|
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80,000
|
4,000
|
4,000
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25,920
|
25,920
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0
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0.0
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90,000
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4,500
|
4,500
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30,120
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30,120
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0
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0.0
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100,000
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5,000
|
5,000
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34,320
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34,320
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0
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0.0
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110,000
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5,500
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5,500
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38,520
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38,520
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0
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0.0
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120,000
|
6,000
|
6,000
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42,720
|
42,720
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0
|
0.0
|
|
130,000
|
6,500
|
6,500
|
46,920
|
46,920
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0
|
0.0
|
|